Prime Minister Narendra Modi’s interaction with Indian gamers, including Animesh Agarwal and Mithilesh Patan earlier this month, was more than just about sports and attracting young voters ahead of the Lok Sabha elections. The meeting underscored the growing significance of the gaming industry and the government’s interest in its development. The online gaming segment has emerged as a powerhouse of innovation, engagement and economic potential, with recent years witnessing a captivating surge in online gaming’s popularity, propelled by factors such as widespread smartphone penetration, enhanced internet connectivity, burgeoning youth population, heightened awareness and the development of local gaming content tailored to individual preferences.
Raghav Anand Partner, Ernst & Young Parthenon, points out that the online gaming segment has historically attracted substantial investor interest with investments worth Rs 22,931 crore from both domestic and global sources between FY20 and FY24 year-to-date. India continues to be a “mobile first” market, with 94% of its total gamer base engaging in mobile gaming experiences, with the online mobile gaming emerging as a US$1.5 billion sunrise sector, with 38% CAGR which will take the value to US$5 billion by 2025, according to an Ernst & Young report.
Esta historia es de la edición April 21, 2024 de The Sunday Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 21, 2024 de The Sunday Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
EC ISSUES NOTICE TO EX-JUDGE OVER DEROGATORY REMARKS ON MAMATA
The Election Commission (EC) has issued a show cause notice to Former Calcutta High Court judge Justice Abhijit Gangopadhyay, a BJP candidate, for his comments directed at West Bengal Chief Minister Mamata Banerjee during a public meeting in Haldia on May 15.
CAMERA MASTER TECNO CAMON 30 SERIES LAUNCHED WITH SONY IMX 890
Get ready to be amazed because TECNO, the global smartphone, just dropped the smartphone photography revolution: CAMON 30 Series.
Hyundai, Laxmi Group start assembly of VENUE in Nepal
Hyundai Motor India Limited (HMIL) and Laxmi Group have commenced local assembly of the VENUE model in Nepal at the country's first automobile assembly plant inaugurated by Prime Minister of Nepal Pushpa Kamal Dahal and Tae-Young Park, Ambassador of the Republic of Korea, in Nepal on 10 May 2024.
STL POSITIONED FOR GROWTH WITH RISING FIBRE DEMAND
The demand for fibre optic technology is expected to grow significantly in the coming years due to its wide range of applications in areas such as cloud computing, 5G, IoT, artificial intelligence, and smart cities. Optical fibrebased network deployments have evolved during the last decade to meet the requirements of modern-day technology applications.
INDIA MONITORS DUMPING AMID U.S.-CHINA TARIFF ROW
US trade representative emphasized that these measures are necessary to counter flooding of global markets with low-cost Chinese products.
ONDC facilitates 7.22 mn transactions in April 2024, onboards 5+ lakh sellers
The Government’s aim to democratise digital commerce, ONDC, has facilitated around 7.22 million transactions as of April 2024 and over the past one and a half years more than 5 lakh sellers have onboarded on the platform, of which more than 70 per cent are small or medium sized sellers. To encourage an ecosystem for startup growth and innovation, the Department for Promotion of Industry and Internal Trade (DPIIT) has launched the ‘ONDC Startup Mahotsav’, an inflexion point for startups in India to leverage the opportunities unlocked by ONDC and play a pivotal role in ONDC ecosystem by driving innovation, fostering competition and enhancing consumer choice.
CONGRESS IS IN NO POSITION TO REPLICATE 2004 RESULTS
In 2004, Congress won 145 seats and formed government with the help of opposition parties.
IS THE BEAR GETTING ITS CLAWS INTO GEORGIA AGAIN?
It was all so promising thirty years ago. The Soviet Union had collapsed and Georgia, formerly known as the Georgian Soviet Socialist Republic, at last became free. Last Tuesday, Georgia’s parliament passed what many people are calling the “Russia Law”, fearing history is about to turn full circle and once again the country will be in the grip of the Russian Bear.
IN PAKISTAN, PML-N CWC NOMINATES SHEHBAZ SHARIF AS WORKING PRESIDENT
On May 13, Shehbaz Sharif stepped down from position of PML-N president, stating that time has come’ for Nawaz Sharif to retake his rightful place’.
Eric Garcetti: One year in India, dumbing diplomacy down
What is missing from Garcetti’s lst Year in India video is any mention of serious threats to India’s security, and how the US will work with India to contain regional conflict.